BNB released its weekly stats and December stars list Metrics showed signs of recovery but indicators were against a price surge Binance Coin [BNB] recently released its weekly stats, pointing out how the network performed over the last seven days. BNB revealed that its weekly transactions exceeded 16 million, and its daily average transactions were […]
Surprisingly, BNB did not respond to these updates and registered a poor performance over the week as its price declined by 1.17% in the last seven days. As per, at the time of writing, BNB was trading at $245.09 with a market capitalization of more than $39.2 billion.
However, BNB showed signs of recovery on its metrics front, which set up the opportunity for a trend reversal in the coming days. For instance,’s Market Value to Realized Value Ratio registered an uptick during the last week, which looked bullish. BNB’s daily active addresses also spiked on 21 December, reflecting the high number of users in the network. Nonetheless, BNB’s velocity chose to follow the opposite route, which can restrict BNB’s price from pumping.
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